Sharp Daily
No Result
View All Result
Wednesday, May 14, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Kenyan publishers call for scrapping VAT on books amid rising costs

Huldah Matara by Huldah Matara
September 25, 2024
in News
Reading Time: 1 min read

The Kenya Publishers Association (KPA) is urging the government to abolish the 16 percent Value Added Tax (VAT) on books in an effort to make reading more accessible to all citizens and foster a knowledge-based economy. At a press briefing ahead of the 25th Nairobi International Book Fair, KPA Chairman Kiarie Kamau emphasized that the tax burden on books is stifling efforts to promote literacy and lifelong learning.

“At 16 percent, VAT makes books prohibitively expensive for many Kenyans,” Kamau stated. “By scrapping this tax, the government can make knowledge more affordable, encouraging the growth of a reading culture and supporting the development of a knowledge-driven economy.”

The call for tax relief comes at a time when Kenya is grappling with increasing costs of education materials, which publishers argue are hampering efforts to improve literacy rates across the country. Kamau further noted that by eliminating VAT on books, the government could significantly lower the cost barrier to education, particularly for lower-income households.

In addition to tax concerns, Kamau condemned the growing problem of book piracy in Kenya, which he says undermines the publishing industry and threatens the livelihood of authors and publishers alike. “We continue to face the challenge of piracy, particularly with digital products being sold at significantly reduced prices on social media,” he said. Kamau confirmed that the KPA would partner with the Kenya Copyright Board (KECOBO) to step up efforts to combat intellectual property theft.

RELATEDPOSTS

Kenya Power sparks controversy with token prices surge

January 11, 2024
Fuel

Tough Economic Times Ahead, as Fuel VAT Retained at 16%

June 14, 2023

KPA Vice Chairperson Agatha Karani also encouraged Kenyans to attend the upcoming Nairobi International Book Fair, which runs from Wednesday to Sunday at the Sarit Centre in Westlands, Nairobi. The event, now in its 25th year, is expected to draw attention to the importance of books and education in national development.

 

Previous Post

Ministry of Health announces mental wellness initiative in memory of Dr. Desree Moraa

Next Post

The strategic importance of a structured real estate sales process

Huldah Matara

Huldah Matara

Versatile multimedia journalist with a keen interest in compelling stories that resonate with my audience. Reach out on huldahmatara12@gmail.com

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025

NBA: Knicks, Pacers, Timberwolves near conference finals

May 13, 2025

Lets build roads not rails

May 13, 2025

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025

Kenya’s moral commitment amid the rising refugee population

May 12, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024